Oracle Blog

Josh Simons' Coordinates in the Blogosphere

I am a (TARP-free) International Banker

This microfinance stuff is pretty cool. By placing funds into
my Kiva account I've been able to make small loans to a variety of people around the world and then continue to make additional
loans as loan payments are deposited to my account.

I've been using Kiva now for just over two years and have made a total of 20 loans, ten of
which have been completely repaid and ten of which are currently in active repayment. I've had
no delinquencies and no defaults. While I can withdraw my funds once they are paid back to my account, I plan to continue
making loans indefinitely since, 1) psychologically it feels as if I spent the money two years ago when I opened my account, and 2) I can see
that these loans really make a difference for people.